The Stephan Co Reports Q2 Fiscal 2022 Results

Williamsport, PA, Release: August 16, 2022. For Immediate Release

The Stephan Co today reported unaudited financial results for its second quarter ended June 30, 2022.

Highlights

  • Total revenues up 9% versus the prior year

  • EBITDA was flat year-over-year as we right size inventory in a better supply chain environment

  • Closed acquisition of Appleton Barber Supply subsequent to quarter end, adding $1.2M of annual

    sales and significant number of new barber customers

"The Stephan Co team worked hard to serve our customers this quarter in what continues to be a difficult macro environment. As we see the supply chain normalize, we are discounting products to get back to pre-pandemic inventory levels and free up cash for future deals. We are excited to add the Appleton Barber Supply company to our platform and look forward to more acquisitions of barber distributors and brands," said Benjamin Large, Chief Executive Officer.

SPCO news can be found on the OTC and thestephanco.com/press-and-news/

Founded in 1897, The Stephan Co. is a leader in providing quality professional barber products and exceptional customer service.

www.thestephanco.com
Investor Relations email ir@thestephanco.com

Safe Harbor Statement
This press release may contain forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Disclaimer

The Stephan Company published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 22:43:00 UTC.